Oakland Raiders Coliseum lease extension gets final approval

The Oakland Raiders have received final approval for their lease to remain at the Coliseum stadium for at least one more season.

The Oakland City Council voted on Thursday to approve the lease for 2019 with an option for 2020. The Alameda Board of Supervisors had voted earlier in the week in favour of the lease that had been formally approved by the Coliseum Authority last week.

The Raiders will pay $7.5m in rent for the Coliseum and the practice facility in Alameda in 2019 and have a $10.5m option for 2020 in case their new $1.8 billion, 65,000-seat stadium in Las Vegas isn’t ready by then.

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